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Free markets don’t really work for everything

My Bloomberg View colleague Tyler Cowen has a running series of blog posts bearing the title “Markets in Everything.” Plenty of other economists and writers have picked up the phrase, and with good reason—it’s evocative of a powerful idea that defined much of Western political economy in the later part of the 20th century. The idea is that markets—systems of ...

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Stocks bounce, havens drop as North Korea fears abate

Bloomberg The risk-off mood that gripped markets last week showed signs of easing, with shares in Europe following Asian equities higher and American stock futures advancing as the prospect of a war between the US and North Korea receded. Havens including gold, Treasuries and the yen fell. The Stoxx Europe 600 Index headed for its first gain in four days, ...

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Qatar IHG falls on listing

Reuters Shares of the first family-owned business to list in Qatar slumped on Monday as they began trading, while weak earnings at several companies in Dubai weighed on the stock index there. Egypt fell for a fifth straight day. Qatari conglomerate Investment Holding Group tumbled 13 percent from its initial public offer price to 8.70 riyals. Trading volume was about ...

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